The widespread adoption of electronic payment systems has introduced new cybersecurity challenges alongside its convenience. This paper examines key cybersecurity issues in digital payment platforms, particularly domestic fraud and the dynamics of user trust. The objective is to analyze how various cybersecurity threats, such as phishing, malware, and data breaches, impact the security and reliability of digital payments. The research specifically explores the influence of security breaches on user trust, while considering demographic factors such as age and education levels. In contrast to previous studies, this work provides a detailed analysis of how security breaches affect user confidence across different demographic groups. The study emphasizes the need for robust cybersecurity measures and improved security practices by financial institutions to foster trust and encourage broader adoption of digital payment systems. This research offers valuable insights into how demographic factors shape user perceptions of security, providing a foundation for more tailored cybersecurity strategies in the digital payments sector.